Crestline Management LP purchased a new position in shares of Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 150,612 shares of the auto parts company’s stock, valued at approximately $566,000. Crestline Management LP owned 0.12% of Westport Fuel Systems as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC lifted its stake in Westport Fuel Systems by 62.2% in the 4th quarter. Millennium Management LLC now owns 697,201 shares of the auto parts company’s stock valued at $2,621,000 after buying an additional 267,346 shares in the last quarter. Two Sigma Investments LP purchased a new position in Westport Fuel Systems in the 4th quarter valued at about $796,000. Deutsche Bank AG lifted its stake in Westport Fuel Systems by 35.1% in the 4th quarter. Deutsche Bank AG now owns 121,700 shares of the auto parts company’s stock valued at $457,000 after buying an additional 31,600 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Westport Fuel Systems by 478.2% in the 4th quarter. Renaissance Technologies LLC now owns 545,132 shares of the auto parts company’s stock worth $2,050,000 after purchasing an additional 450,845 shares in the last quarter. Finally, MYDA Advisors LLC purchased a new position in Westport Fuel Systems in the 4th quarter worth approximately $386,000. 20.43% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ WPRT traded down $0.15 during trading on Friday, reaching $2.27. The company’s stock had a trading volume of 352,540 shares, compared to its average volume of 757,144. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.67. Westport Fuel Systems Inc has a twelve month low of $0.94 and a twelve month high of $4.33.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last issued its quarterly earnings results on Friday, March 23rd. The auto parts company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). Westport Fuel Systems had a negative return on equity of 50.05% and a negative net margin of 4.08%. The firm had revenue of $64.20 million for the quarter, compared to analyst estimates of $54.04 million. During the same quarter last year, the firm earned ($0.43) earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year. research analysts expect that Westport Fuel Systems Inc will post -0.16 earnings per share for the current year.
WPRT has been the subject of a number of recent analyst reports. Craig Hallum set a $5.00 target price on shares of Westport Fuel Systems and gave the company a “buy” rating in a report on Friday, December 22nd. BidaskClub cut shares of Westport Fuel Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Cowen set a $3.00 price target on shares of Westport Fuel Systems and gave the company a “hold” rating in a research report on Friday, March 23rd. Finally, Zacks Investment Research cut shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $3.86.
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Westport Fuel Systems Profile
Westport Fuel Systems Inc, formerly Westport Innovations Inc, is a Canada-based provider of low-emission engine and fuel system technologies utilizing gaseous fuels. It operates through the Westport Operations segment. The Westport Operations segment designs, manufactures and sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas components and systems to original equipment manufacturers and to aftermarket customers.
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